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The convention that arose for designating pulsars was that of using the letters PSR (Pulsating Source of Radio) followed by the pulsar's right ascension and degrees of declination. The modern convention prefixes the older numbers with a B meaning the coordinates are for the 1950.0 epoch. All new pulsars have a J indicating 2000.0 coordinates and also have declination including minutes. Pulsars that were discovered before 1993 tend to retain their B names rather than use their J names, but all pulsars have a J name that provides more precise coordinates of its location in the sky.[3]

On its discovery, the planet was designated PSR 1257+12 A and later PSR B1257+12 A. It was discovered before the convention that extrasolar planets receive designations consisting of the star's name followed by lower-case Roman letters starting from "b" was established.[4] However, it is listed under the latter convention on astronomical databases such as SIMBAD and the Extrasolar Planets Encyclopedia. Hence the alternative designation PSR B1257+12 b.

In July 2014 the International Astronomical Union launched a process for giving proper names to certain exoplanets and their host stars.[5] The process involved public nomination and voting for the new names.[6] In December 2015, the IAU announced the winning name was Draugr for this planet.[7][8] The winning name was submitted by the Planetarium Südtirol Alto Adige in Karneid, Italy. Draugr refers to undead creatures in Norse mythology.[9]

^ abThe value of the inclination is assumed to be 50° based on the inclinations of the other two planets in the system, which have inclinations of 53° and 47° respectively. The quoted mass value is based on this assumed inclination.